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Amgen To Buy Mustafa Nevzat For $700 Million

Biotechnology firm Amgen (AMGN) will buy a 95.6% stake in Mustafa Nevzat Pharmaceuticals for $700 million, in a move to expand its presence in Turkey and the surrounding region. The all-cash transaction has been approved by both the boards, the two companies said in a joint statement Wednesday. MN, which supplies pharmaceuticals to the hospital sector and is a major supplier of injectable medicines in Turkey, had revenue of approximately $200 million in 2011, the statement said. Amgen's focus on Turkey and the surrounding region, which are large, fast-growing, priority markets for Amgen, is a part of its international expansion strategy. Amgen established an affiliate in Turkey in 2010 and currently markets two products, with plans to develop its pipeline of clinical candidates for Turkey and other markets around the world. Order free Annual Report for Amgen, Inc. Visit http://djnewswires.ar.wilink.com/?link=AMGN or call 1-888-301-0513

Stock News for Amgen Inc. (AMGN)
DateTimeHeadline
05/27/201607:21:00Amgen Receives Positive CHMP Opinion To Extend Indication Of...
05/26/201616:00:00Kyprolis® (Carfilzomib) Demonstrates Economic Value In Relapsed...
05/26/201606:10:34Current Report Filing (8-k)
05/25/201619:08:00Amgen Announces Early Tender Results Of Senior Notes Exchange...
05/25/201616:09:00Amgen Announces Pricing Terms Of Senior Notes Exchange Offers
05/23/201616:40:00Samsung Targets U.S. Drug Market With Remicade Knockoff
05/19/201618:02:00Amgen Announces Voting Results of Annual Meeting of Stockholders
05/19/201616:34:00Amgen Highlights Data To Be Presented At 21st Congress Of The...
05/18/201617:44:00Amgen Researchers Discover Gene Associated With Lower Risk of...
05/18/201617:06:00Bayer to Showcase Latest Oncology Research at ASCO 2016
05/18/201617:05:00Amgen Data To Be Presented At ASCO 2016 Demonstrates More Insights...
05/18/201617:00:00Landmark deCODE genetics Study Points to a New Mechanism that...
05/17/201616:00:00Amgen's Breakaway from Cancer® Public Service Announcement Delivers...
05/13/201606:16:35Current Report Filing (8-k)
05/12/201621:14:00Amgen Commences Exchange Offers for Certain Series of Outstanding...
05/12/201603:03:00Theranos Executive to Exit Amid Probes -- WSJ
05/11/201623:10:00Theranos Executive Sunny Balwani to Depart Amid Regulatory Probes
05/11/201622:15:00Theranos Executive Sunny Balwani to Depart Amid Regulatory Probes
05/11/201622:10:00Theranos Executive Sunny Balwani to Depart
05/11/201621:49:00Theranos Executive Sunny Balwani to Depart Amid Regulatory Probes

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